Nu Holdings Ltd. (NU) stock price recorded gains in its latest intraday trading, after rebounding from support at its SMA50, which provided positive momentum and helped drive these gains. This comes under the dominance of the main upward trend in the short term, with price moving along a supportive trend line, while the RSI has started to show a positive crossover after reaching heavily oversold levels.

Therefore we expect the stock price to rise in upcoming trading, as long as the $16.35 support level holds, to target the key resistance at $18.95.

Todays price forecast: Bullish